Showing 1 - 10 of 16,163
central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …
Persistent link: https://www.econbiz.de/10011911134
Communication has become a vital part of modern monetary policy, and its importance is even higher during a crisis when … communication from individual central bank policymakers in the European Central Bank and the Federal Reserve during a period of very … of communication. …
Persistent link: https://www.econbiz.de/10013407483
central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …
Persistent link: https://www.econbiz.de/10012897779
We construct a novel text dataset to measure the sentiment component of communications for 23 central banks over the 2002-2017 period. Our analysis yields three results. First, comovement in sentiment across central banks is not reducible to trade or financial flow exposures. Second, sentiment...
Persistent link: https://www.econbiz.de/10012857886
. Communication has become an effective auxiliary instrument of economic policy, and markets started paying precise attention to the … provide an overview of recent trends and developments in central bank communication strategies. By resorting to the existing … literature, we analyze the origins of central bank communication and the evolution of its role in time. We also study the main …
Persistent link: https://www.econbiz.de/10012923581
central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …
Persistent link: https://www.econbiz.de/10014361939
In this paper, we study how central bank transparency influences the formation of money market expectations in emerging markets. The sample covers 25 countries for the period from January 1998 to December 2009. We find, first, that transparency reduces the bias (the difference between the money...
Persistent link: https://www.econbiz.de/10013092453
In this paper, we study how central bank transparency influences the formation of money market expectations in emerging markets. The sample covers 25 countries for the period from January 1998 to December 2009. We find, first, that transparency reduces the bias (the difference between the money...
Persistent link: https://www.econbiz.de/10013013746
set of professional forecasts of financial and macroeconomic variables. More communication even increases forecast errors …
Persistent link: https://www.econbiz.de/10011790688
accounts, communication about climate change has accelerated sharply in recent years. The breadth of topics covered is wide …
Persistent link: https://www.econbiz.de/10014237883